FIDUGAS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FIDUGAS
Largest movements
- Current investments +€245,570
up €245,570 (+28.2%), from €870,887 to €1.1m
- Cash -€103,153
down €103,153 (-70.5%), from €146,400 to €43,246
mainly Current investments (-€245,570) and Receivables within one year (-€28,948)
- Receivables within one year +€28,948
up €28,948 (+32.7%), from €88,584 to €117,532
of which Other amounts receivable: +€31,198
- Deferred charges and accrued income +€19,045
up €19,045 (+527%), from €3,614 to €22,659
- Reserves +€206,579
up €206,579 (+19.0%), from €1.1m to €1.3m
- Current portion of long-term debt -€14,808
down €14,808 (-63.3%), from €23,384 to €8,575
- Gross operating margin -€6,883
down €6,883 (-2.2%), from €313,905 to €307,022
- Financial income +€5,888
up €5,888 (+18.1%), from €32,462 to €38,350
- Taxes -€3,495
down €3,495 (-3.7%), from €95,017 to €91,522
- Staff costs +€3,390
up €3,390 (+10.1%), from €33,727 to €37,117
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,170,865 | €1,358,647 | +€187,781 | +16.0% |
| Fixed assets | 21/28 | €15,881 | €13,252 | -€2,629 | -16.6% |
| Tangible fixed assets | 22/27 | €15,881 | €13,252 | -€2,629 | -16.6% |
| Furniture and vehicles | 24 | €10,455 | €9,648 | -€807 | -7.7% |
| Other tangible fixed assets | 26 | €5,426 | €3,605 | -€1,821 | -33.6% |
| Current assets | 29/58 | €1,154,984 | €1,345,394 | +€190,410 | +16.5% |
| Amounts receivable after more than one year | 29 | €45,500 | €45,500 | = | 0.0% |
| Other amounts receivable | 291 | €45,500 | €45,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €88,584 | €117,532 | +€28,948 | +32.7% |
| Trade receivables | 40 | €25,250 | €23,000 | -€2,250 | -8.9% |
| Other amounts receivable | 41 | €63,334 | €94,532 | +€31,198 | +49.3% |
| Current investments | 50/53 | €870,887 | €1,116,457 | +€245,570 | +28.2% |
| Cash at bank and in hand | 54/58 | €146,400 | €43,246 | -€103,153 | -70.5% |
| Deferred charges and accrued income | 490/1 | €3,614 | €22,659 | +€19,045 | +527% |
| Total equity and liabilities | 10/49 | €1,170,865 | €1,358,647 | +€187,781 | +16.0% |
| Equity | 10/15 | €1,094,032 | €1,300,612 | +€206,579 | +18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,087,832 | €1,294,412 | +€206,579 | +19.0% |
| Distributable reserves | 133 | €1,087,832 | €1,294,412 | +€206,579 | +19.0% |
| Amounts payable | 17/49 | €76,833 | €58,035 | -€18,798 | -24.5% |
| Amounts payable after more than one year | 17 | €8,575 | - | -€8,575 | |
| Financial debts | 170/4 | €8,575 | - | -€8,575 | |
| Amounts payable within one year | 42/48 | €68,258 | €57,286 | -€10,971 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €23,384 | €8,575 | -€14,808 | -63.3% |
| Trade debts | 44 | €2,634 | €1,741 | -€893 | -33.9% |
| Suppliers | 440/4 | €2,634 | €1,741 | -€893 | -33.9% |
| Taxes, remuneration and social security | 45 | €40,233 | €45,249 | +€5,016 | +12.5% |
| Taxes | 450/3 | €35,092 | €36,971 | +€1,880 | +5.4% |
| Remuneration and social security | 454/9 | €5,142 | €8,277 | +€3,136 | +61.0% |
| Other amounts payable | 47/48 | €2,006 | €1,721 | -€286 | -14.2% |
| Accrued charges and deferred income | 492/3 | - | €749 | +€749 | |
| Remuneration, social security and pensions | 62 | €33,727 | €37,117 | +€3,390 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,802 | €5,157 | +€355 | +7.4% |
| Other operating charges | 640/8 | €2,089 | €2,185 | +€96 | +4.6% |
| Gross operating margin | 9900 | €313,905 | €307,022 | -€6,883 | -2.2% |
| Operating profit (loss) | 9901 | €273,286 | €262,563 | -€10,723 | -3.9% |
| Financial income | 75/76B | €32,462 | €38,350 | +€5,888 | +18.1% |
| Recurring financial income | 75 | €32,462 | €38,350 | +€5,888 | +18.1% |
| Financial charges | 65/66B | €932 | €2,812 | +€1,880 | +202% |
| Recurring financial charges | 65 | €932 | €2,812 | +€1,880 | +202% |
| Profit (loss) for the period before taxes | 9903 | €304,816 | €298,101 | -€6,715 | -2.2% |
| Income taxes | 67/77 | €95,017 | €91,522 | -€3,495 | -3.7% |
| Profit (loss) for the period | 9904 | €209,799 | €206,579 | -€3,220 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €209,799 | €206,579 | -€3,220 | -1.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.